A cryptocurrency analyst has shared a new Bitcoin price roadmap, outlining where the market currently stands and predicting the cryptocurrency’s next move. bear market continues. While some experts are still predicting more downside for BTC, this analyst predicts a massive surge above $90,000. Analysts predict Bitcoin price movement and Elliott Wave StructureTo support his optimistic outlook.
Bitcoin price roadmap to $90,000
Rawl, X’s cryptocurrency market expert, said: proposal A new price analysis of Bitcoin that details how the cryptocurrency could return to $90,000 and what traders should expect in the coming weeks and months. The analyst noted that so far Bitcoin is following the expected plan. recent declineRebounds and other price movements were a normal reaction.
He said the market’s timeline was the only surprise, but the structure of the cryptocurrency is what really matters. Rawl said: Bitcoin price crashed to $60,000. In February, it hit an all-time low. All-time high by 2025The cryptocurrency needed two more waves to complete the corrective structure.
As expected, Bitcoin formed Wave 4 and Wave 5 in an Elliott Wave setup, completing the overall corrective Wave C chart structure. He added: The previous price of BTC fell to $63,000. It was considered a wave and the final downward movement was officially confirmed.
Since then, Rawl noted, the market has rebounded, ushering in a new bullish Elliott Wave phase. In this new setup, the analyst said Bitcoin has already printed Wave 1 and Wave 2 and the current market is as follows: An uneven range around $65,000. The next two rising waves are ahead.
He explained that once this wave is complete, Bitcoin could quickly rise to $90,000 to $96,000. He expects it to reach that level and then move sideways for a few weeks before falling again as it enters a new level. Correction ABC wavePerhaps around the time a new Federal Reserve Chairman replaces Jerome Powell. He described this adjustment as an optimistic move, noting that it could last until the upcoming FOMC meeting in June.
The analyst noted that price action under the FOMC may complete the first corrective wave C, allowing the market to resume its upward trend. Alternatively, Bitcoin could fall once more to the $71,000-$74,000 range, forming the next wave 2 before a larger rally begins.
Rawl confidently stated that there is an 80% chance that Bitcoin will hit an all-time high this year. He pointed out that the remaining 20% probability suggests prices could rise above current cycle highs into the $116,000 to $125,000 range.
Analyst explains other possible paths for Bitcoin price.
Rawl strongly believes in the roadmap outlined above, but admits that the less likely scenario is: Bitcoin Could Experience Deeper Drop It fell below $74,000 between May and June and may fall to $55,000.
Because of this risk, analysts recommend taking profits of 20-30% in the $90,000 range and then gradually buying 10-15% of that position when Bitcoin falls to $74,000 and the remainder when the price falls to $55,000 by June or the first quarter of 2027. Regardless of what happens to Bitcoin, the analyst still believes the cryptocurrency could hit an all-time high afterward.
Featured image from Pexels, chart from TradingView
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